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    Currencies On The Move After Bank Of Australia Raises Rates By 25BPS

    Currencies On The Move After Bank Of Australia Raises Rates By 25BPS

    FromSchwab Network

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    Currencies On The Move After Bank Of Australia Raises Rates By 25BPS

    FromSchwab Network

    ratings:
    Length:
    10 minutes
    Released:
    Oct 4, 2022
    Format:
    Podcast episode

    Description

    The Reserve Bank of Australia raised rates by 25BPS to 2.6%. "Governor Philip Lowe hinted that they would opt for a smaller than expected rate hike. The Australian Dollar price spiked lower initially and then rose back up," says Joe Perry. The British Pound rose for the sixth straight session and is on pace to post the longest rally since April 2021. Also, the U.S. Dollar pulled back as stocks rallied to start the fourth quarter.
    Released:
    Oct 4, 2022
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.